Totally agree. I've mentioned in my reply to jonu that general supply chain issues will affect a lot of companies and smaller less capitalized companies will find the next few months challenging.
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Shades of Rakon a year ago
And that is were their major shareholder may significantly help
"Help, my current supply chain is at risk.
Problem: I need to find an alternative source, or diversify my current supply chain.
Solution: Once you hit critical mass, you should never put all your eggs in one basket. Diversifying your supply chain can help protect against increasing wages, raw material unavailability, labor strikes, supply chain disruption, currency fluctuation, increasing taxes, rising fuel costs, and a host of unknowns. When you partner with East West for your manufacturing needs, you will save time and money but most importantly, you get the advantage of our diverse manufacturing base.
With our multiple operations in the United States, Costa Rica, and Asia, we can diversify your supply chain with one supplier, one company, one point of contact. We can guide you through NPI with smaller volume production locally, and then balance out larger production volume in Costa Rica or Asia, helping you achieve scale and reducing your risk."
https://app.companiesoffice.govt.nz/.../shareholdings
https://www.ewmfg.com/about/problems-we-solve/
And that is were their major shareholder may significantly help
"Help, my current supply chain is at risk.
Problem: I need to find an alternative source, or diversify my current supply chain.
Solution: Once you hit critical mass, you should never put all your eggs in one basket. Diversifying your supply chain can help protect against increasing wages, raw material unavailability, labor strikes, supply chain disruption, currency fluctuation, increasing taxes, rising fuel costs, and a host of unknowns. When you partner with East West for your manufacturing needs, you will save time and money but most importantly, you get the advantage of our diverse manufacturing base.
With our multiple operations in the United States, Costa Rica, and Asia, we can diversify your supply chain with one supplier, one company, one point of contact. We can guide you through NPI with smaller volume production locally, and then balance out larger production volume in Costa Rica or Asia, helping you achieve scale and reducing your risk."
https://app.companiesoffice.govt.nz/.../shareholdings
https://www.ewmfg.com/about/problems-we-solve/
Seems WDT has settled above 9 but is reluctant to push on through to 10 despite bugger all depth to hold it back.
Winner tells us 10ish is next resistance. Listen up WDT!
Appointed new CEO, Greg Balla from Orion Health
I saw a picture of Jacinda Ardern as a related page on LinkedIn ...thats good
New CEO quite some incentive to stay and keep SP up
https://www.nzx.com/announcements/371822
WDT still struggling to break the shackles of 9.
One would hope some of those exiting ATM today might consider something with plenty of upside.
Like NTL Jonu?
Seems to have been a bit of a shakeout yesterday. Depth would suggest a push to above 9 again. Frustrating. I bought a whack at 8.4 so not uncomfortable yet!
Well well Wellington....the market continues to be unenthused. I still maintain it's good value at anything under 10, especially when compared to many stocks across the NZX.
It's one of those Companies you need a lot if patience with....but I agree, I think it's a buy at the moment.
Heard a whisper through a contact close to company, that apparently things are pumping at Wellington. Pls DYOR, eagerly waiting for their update at ASM on Wed 26 May.
It wouldn't surprise me one bit. But I think a lot of it is covid catch up. The last update was pretty good, but not as spectacular as I had hoped. Perhaps it will continue as the year progresses.....
Sales going gangbusters …going to be 10% more than expected
All looking good for next few years …and beyond
http://nzx-prod-s7fsd7f98s.s3-websit...588/349041.pdf